North Dakota Real Estate Summit: State of the Market

Former Governor Ed Schafer is slated to deliver the keynote address at the upcoming North Dakota Real Estate Summit in Fargo at the Ramada Plaza Suites September 23. For the first time ever, multiple industry leaders are gathering together in Fargo at the Ramada Plaza Suites to discuss the impact of agriculture and energy on real estate and its related industries at the North Dakota Real Estate Summit: State of the Market. The summit will be held for one jam-packed day, September 23rd, beginning with registration at 7:15 and breakfast at 7:30.

Sessions include Residential Real Estate Update; Multi-family Real Estate Update that includes discussion on senior housing, apartments and student housing; and the Importance of ROI (Retail, Office and Industrial).

While North Dakota continues to secure position as second highest crude oil producer in the United States, oil prices continue to slump. It would appear from the outsider that trouble is brewing. However, realtors in Watford City and Williston alike have still seen tremendous growth, despite the drop of oil below $50 per barrel. Even though population in Williston has dropped six percent from last summer, there’s still oil in the ground, and oil companies are still going to drill. The population has gone from transient to permanent. Many seasoned oilfield workers are in it for the long haul, and they’re settling in to sustain operations through the current cycle.

Meanwhile, grain farmers are producing bountiful yields with high protein counts. According to AgWeek, one farmer, Bob Drees, is hoping for 70 bushels per acres, and it looks like he’ll likely reach that. Yet wheat prices are lower than ideal. Instead of hauling grain into the elevator, some farmers are storing it until prices increase, according to an employee at an Arthur Companies’ grain elevator in Anamoose, North Dakota.

Despite what seems like a dismal situation in North Dakota’s two prime industries, things aren’t as bad as they seem. Moreover, the two industries have a profound impact on other business development throughout the state. As each industry continues to cycle, how do they affect other North Dakota businesses? These are the questions panelists and event attendees hope to answer at the summit.

Included in the line-up of events is the North Dakota Real Estate Titans Panel. In addition to the former governor, the list of panelists is impressive. The panelists will discuss why we are investing in North Dakota as well as current and future projects, pricing trends and the impact of the petroleum industry on the state as a whole.

PANELISTS:

Nancy Hodur, Ph.D., NDSU Agribusiness and Applied Economics

Dean Bangsund, NDSU Agribusiness and Applied Economics

Daryl Braham, FMAAR Board of Directors

Michael Marcil, Aalton Real Estate

Scott Hennen, Flag Family Media

Ben Hanson, Archer Commercial Real Estate

Kurt Eickhof, Construction Engineers

Randy Martinson, Progressive Ag

John Mercer, Mercer Engineering

Tom Rolfstad, The Rolfstad Group

Peter Stenehjem, 1st International Bank & Trust

Mark Vaux, Great Fargo/Moorhead Economic Development

Jolene Kline, North Dakota Housing Finance Agency

Ben Schroeder, FMAAR

Donovan Schumacher, Alerus Mortgage

Catherine R. Cronen, Commercial Real Estate

Mark Schill, Praxis Strategy Group

For more information, check out the full agenda here, including sponsorship opportunities. You can also contact Anthony Rome at 701-552-7099, email him at anthony.rome@energymediagroup.com, or register online here. Don’t miss out on this opportunity to discuss the future of North Dakota real estate!

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